• Over US$ 1b gems to China by 2016

    05/12/2014 Daily News

    02/01/2017
    Over US$ 1b gems to China by 2016

    Sri Lanka could bridge the trade imbalance with China to a greater extent and also increase the US$ one billion overall export target in 2016, if the local gem/precious stone exports were encouraged and developed. At present there is a huge trade gap in favor of China, Director Marketing and Export -National Gem and Jewellery Authority, Rohan Perera said.

    "We are now looking at increasing gem export to China being the biggest buyer in the recent past. Since, China being a prosperous country in the world the demand for super luxury items like gems has increased considerably," Perera told the Daily News Business.

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  • 20 IT SMEs in EDB’s first Jaffna Export Forum today

    05/12/2014 Daily FT

    02/01/2017
    20 IT SMEs in EDB’s first Jaffna Export Forum today

    • ‘30 more would be entrepreneurs too’: SLAASCOM’s Sekaram
    • ‘$ 5B IT exports by 2020’: EDB’s Egodage
    • ‘Cloud tech helping regional IT’: SLAASCOM’s Sekaram2103 IT exports at $ 719 m

    Sri Lanka’s apex export facilitator EDB’s first IT event in Jaffna has been boosted by an influx of Jaffna based operators and would be ICT entrepreneurs on 4 December and the event also packs in-depth industry presentations from no less than seven top Lankan IT firms.

    “Almost 20 SME IT operators in Jaffna region have registered for 5 December’s IT/BPM Export Forum in Jaffna. Another 30 prospective IT entrepreneurs from Jaffna who are looking to set-up, too have joined making it a total of 50 players,” said SLASSCOM Vice Chairman Mano Sekaram on 4 December in Colombo.

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  • ‘Lanka IT sector to hit $1B mark next year’-EDB

    05/12/2014 news.lk

    02/01/2017
    ‘Lanka IT sector to hit $1B mark next year’-EDB

    Sri Lanka’s surging IT and BPO exports would hit the critical dollar one billion mark as early as next year, surpassing previous expectations! And London Stock Exchange and HSBC have praised the Lankan IT sector ‘with joy’, as revealed on 05 December in Jaffna. And the pioneering Northern IT Exports forum by EDB & ICTA was packed with enthusiastic regional IT industry.

    “We earned $719 Mn from ICT exports, and our projection for 2014 is $820 Mn. At this rate, we expect to hit dollar one billion mark very soon-as early as 2015. We have seen 123% growth in IT sector over the last five years. London Stock Exchange and HSBC also praised the Lankan IT sector with joy” said Saman Maldeni (Director, Export Services of SLEDB) on 05 December in Jaffna.

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  • Visegrád Four to synergise Lanka's FTAs to penetrate South Asia

    04/12/2014 Daily News

    02/01/2017
    Visegrád Four to synergise Lanka's FTAs to penetrate South Asia

    dustrial economy billed as the Tetra Tiger due to its high growth, has revealed for the first time that it wants to synergise Lanka's historic FTAs to penetrate South Asia, and it is also readying for new bilateral efforts of high capacity across the board-in Lanka's wheat production, energy and even defence.

    "Our aim is to make Sri Lanka our business and investment platform to South Asia. There are many Slovakian manufacturers ready to invest here, produce and export to South Asian markets using your FTAs with India and Pakistan," said Peter Burian, State Secretary of the Ministry of Foreign and European Affairs of the Slovak Republic recently.

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  • Vietnam calls for FTA

    02/12/2014 Daily FT

    02/01/2017
    Vietnam calls for FTA

    • ‘Appointing Lanka’s first trade official to Vietnam’ – Minister Rishad
    • ‘Bilateral trade should not be just rice and tea’ – Kieu Thu
    • YoY bilateral trade surges by 88%
    • ‘Time to explore joint apparel synergies too’ – Kieu Thu

    Stepping up its trade cooperation with Sri Lanka, Vietnam said that it was working towards establishing a groundbreaking FTA with Sri Lanka.

    In view of this, Sri Lanka has promptly appointed its first-ever trade officer to Vietnam, the world’s fifth largest apparel exporter which is ready to partner with Sri Lanka’s own apparel industry.

    “There is huge unrealised trade potential between both countries that we need to explore. Trade need not be mostly the exchange of rice and tea between both countries. Therefore, while in Colombo, I will take up the task of promoting an FTA with Sri Lanka,” said Vietnam’s new ambassador to Sri Lanka, Phan Kieu Thu on 27 November in Colombo.

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  • EDB in global apparel breakthrough

    26/11/2014 Daily FT

    02/01/2017
    EDB in global apparel breakthrough

    • Secures links with world’s largest textile retailer ZARA
    • 6-member EDB-led delegation to Spain
    • Brandix, Timex, Fergasam in pioneering session
    • September apparel exports up by 4.4%

    For the first time in Sri Lanka’s apparel history, the EDB, Sri Lanka’s apex export facilitator, has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA on 29 October. The facilitator, the Sri Lanka Export Development Board (EDB), is stepping up its support for apparel market diversification.

    “Though the Lankan apparel sector caters to many international brands, such as Victoria’s Secret, Gap, Nike, Tommy Hilfiger and Marks & Spencer, we still haven’t been able to manufacture for the Zara brand, the world’s largest fashion retailer. This successful effort directly linked our apparels to Zara for the first time,” said EDB Director – Industrial Products Chitranjali Dissanayake recently.

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  • Russia shows green light on fish import from SL

    26/11/2014 Daily Mirror

    02/01/2017
    Russia shows green light on fish import from SL

    Russia has granted approval to import fish and fish products to the Russian Federation from Sri Lanka, 2014, the External Affairs Ministry said.

    The Ministry said the Federal Service of Veterinary Surveillance under the Ministry of Agriculture of the Russian Federation granted approval to import fish and fish products to the Russian Federation as a result of the untiring efforts of the Sri Lankan Government through its Embassy in Russia.

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  • EDB secures links with world’s largest textile retailer ZARA

    26/11/2014 Daily News

    02/01/2017
    EDB secures links with world’s largest textile retailer ZARA

    For the first time in Sri Lanka’s apparel history, the Export Development Board has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA and is stepping up its support for apparel market diversification.

    “Though the Lankan apparel sector caters to many international brands, we have still not been able to manufacture to Zara brand, the world largest fashion retailer.

    This successful effort directly linked our apparels to Zara for the first time,” said Chitranjali Dissanayake (Director-Industrial Products of SLEDB).

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  • How to develop Sri Lanka’s wood-based industry

    24/11/2014 Daily Mirror

    02/01/2017
    How to develop Sri Lanka’s wood-based industry

    A conference and workshop under the theme “Wood Based Industry – Way Forward’ organized by the Wood Based Industrialist Association of Sri Lanka (WBIA), will be held at the Export Development Board (EDB) Auditoriumon on November 28.

    Channa Wijesekera, President of the Wood Based Industrialist Association of Sri Lanka, is expected to outline the problems facing the wood based industry in this article. He explains why this important industry has not developed over the years and proposes a series of solutions to remedy the situation.

    When analyzing the development of t he various industries in Sri Lanka, the timber and ti mber related industry indicates a comparative downward trend or slow progress in comparison with the other industries.

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  • Jaffna Int’l Trade Fair during Jan 23-25, 2015

    19/11/2014 Daily News

    02/01/2017
    Jaffna Int’l Trade Fair during Jan 23-25, 2015

    The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the January 23-25, 2015.

    The exhibition which was the first of its kind to be held in the Northern region of the country has throughout the years been renowned as the best and most potent platform for the meeting of investors, businesses and the masses in the region.

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  • Canada for more trade with SL

    19/11/2014 Daily FT

    02/01/2017
    Canada for more trade with SL

    Minister of Industry and Commerce Rishad Bathiudeen (second from left) in discussion with EDB Chairman/CEO Bandula Egodage yesterday as Canadian High Commissioner in Sri Lanka Shelley Whiting (far right) and Canada Asia-Trade Facilitation Office Project Manager Zaki Munshi (far left) look on

    • Canada has 24 FTAs including NAFTA: Whiting
    • Another opening to largest market: Minister Rishad
    • EDB revives TRO-Canada links
    • Top Lankan exporters at Canada session
    • Bilateral trade at $ 437 m

    The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the January 23-25, 2015.

    The exhibition which was the first of its kind to be held in the Northern region of the country has throughout the years been renowned as the best and most potent platform for the meeting of investors, businesses and the masses in the region.

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  • Kenya-Sri Lanka Joint Economic Cooperation talks a success

    18/11/2014 Daily FT

    02/01/2017
    Kenya-Sri Lanka Joint Economic Cooperation talks a success

    Kenya, the newest entrant to Africa’s top 10 list, called for renewed trade with Sri Lanka and in a display of its commitment towards this end requested three trade pacts with Sri Lanka in one go by 2015.

    “We are looking forward to more trade interaction and expecting a delegation to Nairobi from Sri Lanka next year. By the time of your visit to Nairobi we are looking forward to conclude current discussions on three agreements being discussed and to sign them,” said Amb. Nelson Ndirangu Ogn (Director, Economic Affairs and International Trade of Kenyan Ministry of Foreign Affairs, Nairobi) on 12 November in Colombo.

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  • Sri Lanka's export trade sector grows 11.1%

    16/11/2014 Ceylon Today

    02/01/2017
    Sri Lanka's export trade sector grows 11.1%

    Sri Lanka's Export Trade sector recorded a relatively a higher growth of 11.1 per cent in second quarter 2014, when compared to the slower growth of 1.2 per cent recorded in the second quarter of 2013, Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released recently.

    According to the Balance of Payment statistics of Central Bank of Sri Lanka, export earnings increased to Rs343,058 million in the second quarter of 2014, from Rs291,274 million in the second quarter 2013, indicating a growth of 17.8 per cent, said the Census and Statistics Department.

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  • Rubber industry can grow bigger than garments

    10/11/2014 Daily FT

    02/01/2017
    Rubber industry can grow bigger than garments

    • Potential to become a 10 billion dollar business: Prabhash Subasinghe

    Global Rubber Industries Managing Director Prabhash Subasinghe receiving the Platinum Sponsor award from Minister of Economic Development Basil Rajapaksa at the recently concluded Global Rubber Conference

    The rubber industry in Sri Lanka has the potential to grow bigger than the garment industry. “Unfortunately, foreign investors have not seen the possibility of this factor,” says Global Rubber Industries Ltd (GRI) Managing Director Prabhash Subasinghe.

    According to GRI, a leading industrial solid tyre manufacturer based in Sri Lanka; supplying solid tyres to Original Equipment (OE) manufacturers and replacement markets in more than 45 countries worldwide since 2001; Sri Lanka is the world’s largest producer of high-quality solid tyres, dominating about 60% of the global market.

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  • Ornamental fish featuring notably in 14 percent export growth

    10/11/2014 Ifham Nizam, The Island

    02/01/2017
    Ornamental fish featuring notably in 14 percent export growth

    Sri Lanka has earned USD 7.34 billion from exports up to August this year, recording a positive growth of 14 per cent when compared to the corresponding period in 2013, said Sri Lanka Export Development Board Chairman cum Chief Executive Officer Bandula Egodage.

    Addressing a gathering at the First International Ornamental Fish Trade Conference in Colombo yesterday he said despite many constraints and challenges faced by local exports domestically and internationally, the willingness shown by them to sustain continuous growth was commendable.

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  • Two Lankans clinch global rubber glory

    30/10/2014 Daily FT

    02/01/2017
    Two Lankans clinch global rubber glory

    • Prof. Attanayaka and Lalan’s Hapangama win top awards at Global Rubber Conference

    Industry and Commerce Minister Rishad Bathiudeen hands over the GRC Wickham Award 2014 to Chairman, Lalan Rubbers Lalith Hapangama (left) and DPSTG Attanayaka (who collected on behalf of the winner Prof. DPSTG Attanayaka) on 28 October in Colombo. Chairman and CEO of EDB Bandula Egodage and Chairman Confexhub Sdn Bhd, Malaysia, Dr. Abdul Aziz (far right) were also present

    Two Sri Lankans won GRC Wickham awards at the Global Rubber Conference 2014 (GRC) held at the Cinnamon Grand Hotel on 28 October.

    “At the next Global Rubber Conference, the knowledge received at today’s sessions should be reflected and evaluated. In such a background it is important for us to continuously review developments in all the closely related aspects and industries including the global economy and currencies as well,” said Industry and Commerce Minister Rishad Bathiudeen said while speaking at the conference.

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  • Global Rubber Conference 2014 kicks off in Colombo

    29/10/2014 Daily FT

    02/01/2017
    Global Rubber Conference 2014 kicks off in Colombo

    The local rubber industry received much emphasis yesterday with the Global Rubber Conference (GRC) 2014 kicking off in Colombo.

    The four-day event, which started on 27 October, is taking place for the fourth consecutive year.
    The GRC is recognised to be one of the world’s leading conferences on natural rubber and NR-based products and is held on an annual basis rotating in different rubber-producing countries.

    Organised by the Sri Lanka Export Development Board (SLEDB) and Confexhub with the support from the Ministry of Plantation Industries and the Ministry of Industry and Commerce, the event saw about 250 delegates from over 25 countries come together to discuss and get updated on the pertinent issues affecting the global rubber industry.

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  • Sri Lanka has an impressive record in planting, production & export of rubber – President

    28/10/2014 Asian Tribune

    02/01/2017
    Sri Lanka has an impressive record in planting, production & export of rubber – President

    Sri Lanka has an impressive record in the planting, production and export of rubber which is today the third largest sector to the country’s economy, said President Mahinda Rajapaksa.

    Rubber is an important part of the country’s plantation sector and its contribution to agro-industry provides gainful employment to more than 300,000 persons making it a mainstay in the socio-economic aspects of the country, he added.


    Sri Lankan Rubber and Rubber products have today earned worthy recognition for good quality and reliability in the international market, he stated.

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  • Sri Lanka represented at the largest SME Fair in the Asia Pacific region in Guangzhou

    21/10/2014 news.lk

    02/01/2017
    Sri Lanka represented at the largest SME Fair in the Asia Pacific region in Guangzhou

    Sri Lanka participated for the first time at the 11th edition of the China International SME Fair (CISMEF) in Guangzhou from 11 to 14 October 2014. The Sri Lanka Pavilion was jointly organized by the Consulate General of Sri Lanka in Guangzhou and the Sri Lanka Export Development Board and had strong representation from business leaders of the SME sector, showcasing premium products from thrust export sectors such as gems and jewellery, tea and spices, handicrafts, handlooms and ayurvedic products.

    Mrs. Sujatha Weerakoon, Director General of the Sri Lanka Export Development Board, speaking at the opening of the Sri Lanka Pavilion pointed out that the Government’s numerous trade facilitation initiatives and President Xi Jinping’s recent State Visit to Sri Lanka have created new opportunities for even closer cooperation between Sri Lanka and China, particularly in trade and urged Sri Lanka companies present to maximize the opportunity to enter the attractive Chinese market.

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  • Sri Lankan ICT companies at GITEX 2014 in Dubai

    16/10/2014 Daily FT

    02/01/2017
    Sri Lankan ICT companies at GITEX 2014 in Dubai

    Six Sri Lankan ICT companies, Brandix I3 Ltd., hSenid Software International, Microimage Ltd., Negete Ltd., Pyxle Ltd. and AP Lanka Ltd. are exhibiting their software products and services at ‘GITEX Technology Week’ from 12 to 16 October at the Dubai World Trade Centre.

    The Sri Lanka Export Development Board (EDB) organised the country pavilion in coordination with the Sri Lanka Consulate General in Dubai.

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